Yen Drifts Lower as Trade Tensions Ease
Publish Date : 2019/09/23 - 12:00

The safe haven yen drifted lower against the other major currencies on Monday as risk appetite improved after two days of trade talks between the U.S. and China in Washington.

The dollar pushed higher against the yen, climbing 0.1% to 107.72, while the euro also gained ground against the Japanese currency, rising 0.1% to 118.66.

Over the weekend, the U.S. Trade Representative's office issued a brief statement characterizing the two days of talks with China as "productive." It added that high level talks in Washington would take place in October, as previously planned.

Additionally, the U.S. removed tariffs from more than 400 Chinese products in response to requests from U.S. companies.

Source: Investing

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